Americans owe $1.26 trillion in credit card debt, which comes out to nearly $10,500 per household. We’re expected to increase the total by another $120 billion this year, too, which is an indicator of how out-of-control spending has become.
https://wallethub.com/edu/cities-with-the-highest-and-lowest-credit-card-debts/138569
by diacewrb
1 comment
Damn… Sounds like the issue is income inequality. There’s $320,000 per family of four in GDP in the US. So it’s not like a household can’t afford to use credit cards responsibly, on average. So to the extent we have any problems, it’s an issue of inequality.